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>> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. we're willing to put revenues on the table, but revenues that come from closing loopholes, getting rid of special interest deductions, and not raising rates. we think it's better for the economy. pure and simple. secondly, the american people expect us to find common ground, to work together, and to resolve this. and frankly, sooner is better than later. >> you've been doing this for a long time. the past 24 hours, is this the necessary public posturing that needs to go on or is there a serious stalemate right now? >> there's a stalemate. let's not kid ourselves. i'm not trying to make this more difficult. if you've watched me in the last three weeks, i've been very guarded because i don't want to make it harder for me or the president or members of both parties to be able to find common ground. but when -- when i come out the day after the election and make it clear that republicans will put revenue on the table, i took a
>> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. we're willing to put revenues on the table, but revenues that come from closing loopholes, getting rid of special interest deductions, and not raising rates. we think it's better for the economy. pure and simple. secondly, the american people expect us to find common ground, to work together, and to resolve this. and frankly,...
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Dec 1, 2012
12/12
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and the president have held us in abeyance for a year and a half on this issue which has stall the economy, people -- while they sit and lay their game and their vacation everything else, they've stalled the impact. >> the idea of all of the bush tax cuts going away, is a serious thing. here again, the president could win, having them all go over, that's an extraordinarily serious event.ss whether republicans take this offer from yesterday, whether they take it personally or they just say well -- >> greta: you think it is posturing to make it a game? >> i think the first offer from the democrats should have been a couple weeks ago. the first offer had to be really bad, the democrats just won an election, their interest groups everyone that fought and bled for that election feels like they did well they can't give something that negotiates away a lot of what they want going to ask for something unrealistic and hoping to get something back. the first offer has to be rejected out of hand. >> greta: i think it is insulting. >> i think the republicans expected something bad, i just don't think
and the president have held us in abeyance for a year and a half on this issue which has stall the economy, people -- while they sit and lay their game and their vacation everything else, they've stalled the impact. >> the idea of all of the bush tax cuts going away, is a serious thing. here again, the president could win, having them all go over, that's an extraordinarily serious event.ss whether republicans take this offer from yesterday, whether they take it personally or they just say...
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Dec 1, 2012
12/12
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>> this is the new economy. factory jobs weren't good jobs either. the reason they became the middle class jobs we know because people organized. >> what's the next move? >> it's a movement. they are not giving up. they are going to keep working and i spoke to johnathan weston and they are hoping that more workers got energized by seeing this happen and by seeing everybody go back in today and not face reprize sal. >> so the next phase is what? >> i'm hoping for more strikes, ed. >> you're hoping for more strikes? >> yeah. >> did the 98% have anything to do with this? >> it crystallized something already going on in this country that people knew about where the wealth was going. they knew we have seen it go to the people at the top and the people at the bottom were getting squeezed. productivity has gone up, they are working harder and longer. >> there's been no organized union that has gone nd
>> this is the new economy. factory jobs weren't good jobs either. the reason they became the middle class jobs we know because people organized. >> what's the next move? >> it's a movement. they are not giving up. they are going to keep working and i spoke to johnathan weston and they are hoping that more workers got energized by seeing this happen and by seeing everybody go back in today and not face reprize sal. >> so the next phase is what? >> i'm hoping for...
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Dec 1, 2012
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>> i don't know that it's as much an effect on the housing economy as on the economy in general. as you said earlier it takes a little bit of purchasing power away from people and that's the general problem. i think it is the case that housing marketeds are turning up most places over the last year have had property values on single family homes according to the inddesm go up so things are getting better. i think if they do slow down i think it's less likely to be about this than about fiscal policy. host: back to the phones and our discussion on the mortgage debt relief act with the chairman of the gw university school of business' department of finance. and jeff from portland, maine is our next caller. caller: about these predatory loans that these people and the banks did and then they turn around and bet on them to go bad, it's ridiculous. and to solve it they ought to all go to prison instead of trying to fix it they all fight about it. >> well, people who commit crimes probably should go to prison. my impression of what's happened is that by and large it's been lawsuits and
>> i don't know that it's as much an effect on the housing economy as on the economy in general. as you said earlier it takes a little bit of purchasing power away from people and that's the general problem. i think it is the case that housing marketeds are turning up most places over the last year have had property values on single family homes according to the inddesm go up so things are getting better. i think if they do slow down i think it's less likely to be about this than about...
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Dec 1, 2012
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>> i mean, this is the new economy, right? back in the day, factory jobss weren't good jobs, either. they were also low-paying jobs. the reason they became the middle class jobs we know because people organized. >> sarah, what's the next move in this movement? is it a movement? >> oh, it's a movement. they are not giving up. they're going to keep working. i spoke to jonathan weston for new york community for change before coming here. and they are hoping that more workers got energized by seeing this happen and by seeing everybody go back in today and not face reprisal. >> the next phase you're hoping for is what? >> i'm hoping for more strikes, ed. >> you're hoping for more strikes? >> yeah. >> do you think the 99% movement had anything to do with this? >> i think it crystalized something that was already going on in this country that people knew about where the wealth was going, right? they knew over the last 30 years we've seen it go to people at the top, the people at the bottom are getting squeezed. their productivity has
>> i mean, this is the new economy, right? back in the day, factory jobss weren't good jobs, either. they were also low-paying jobs. the reason they became the middle class jobs we know because people organized. >> sarah, what's the next move in this movement? is it a movement? >> oh, it's a movement. they are not giving up. they're going to keep working. i spoke to jonathan weston for new york community for change before coming here. and they are hoping that more workers got...